Duration of Syndication Process and Syndicate Organization

What influence does syndicate organization have on the duration of the loan syndication process? We answer this question using survival analysis methodology on a sample of more than 4, 800 loans to borrowers from 59 countries. We find that syndicate size, concentration, experience, reputation, and na- tional diversity clearly matter for the duration of the syndication process and therefore for borrower satisfaction in terms of the speed of obtaining the necessary funding.